VENDORS NEED TO LEAD

New technologies and process have made, and are making great strides/improvements in reducing the volumes of data that must be reviewed by someone somewhere. Whether you’re in-house, onshore, farmshore or offshore – the quantity of documents to review is finally beginning to drop.

Unfortunately, the ability to fully utilize these new technologies & processes – Clearwell, EnCase, Recommind and others – is a different story. There simply are not enough people that have a deep and meaningful experience with these tools/technologies to satisfy the industry’s needs. The talent is scattered – some Corporate, some Vendor and a fair amount within Law Firms.

Why don’t we have more deep talent? The industry has simply grown too much too fast – there just hasn’t been time for the appropriate amount of talent to be trained and developed.

And to be truthful… I do not see much real training going on.

We’ve been here before. During the late 1990’s, when Microsoft and Cisco were taking over the world - corporations were installing new versions of software every 6-12 months and demanded employees with Microsoft and Cisco certifications. Understandably, when corporations (or anyone) spend millions/billions on new technologies and business process improvements, they want more than the local copy shop boys.

Back then most/many corporations paid for their employees to get those certifications. It was in their best interest and significantly cheaper than paying recruiter fees. Certification, $6,000 vs. recruiting fee, $25,000… it’s a no brainer. And many tech gurus paid for their own training because it represented a clear career path up.

Yet here we are 5 years into this E-Discovery explosion (2004 – 2009), in a reportedly $4B industry (growing/shrinking?) and there is no organized /recognized training.  If we do not address this issue/opportunity, we will return to the War for Talent we just witnessed from 2004 – 2008.

There is something terribly short sighted going on here.

 

What’s the solution? Ask me what I think vendors need to be doing in order to lead this industry.

 

I will be at ILTA from Sunday, August 23rd to Thursday, August 27th and am speaking with Joanne Lane , Ellen Polhamus and  Ruth Hauswirth on Tuesday at 1:30 PM on “The Future of Our Litigation Support Profession: What Lies Ahead?”

 

http://ilta.ebiz.uapps.net/personifyebusiness/EducationalProgram/SessionDetails/tabid/187/Default.aspx?productId=948

 

The answer is easier then you think.

 

David Cowen

Executive Search & Market Analysis

“We Know The Right People...  Right Now”

www.cowengroup.com

www.opportunityknocksblog.com

Quick Thanks

I just wanted to write a quick thank you blog to Martha Mazzone, Patrick Oot, David Boyhan, Warren Solow and everyone who participated in our Breakfast Roundtable on Tuesday morning, April 21st to our discuss Measuring and Evaluating In-House E-Discovery Legal Spend.

Our preliminary Critical Trends Survey on the subject came back with some interesting facts:

  • 90% of Corporate E-Discovery managers are not able to track the details of their E-Discovery budget.
  • Only 30% of Corporate E-Discovery managers are able to calculate their E-Discovery legal spend budget. For the rest, legal spend is simply a line on their cost sheet.
  • While 58% of Corporate E-Discovery managers currently have E-Discovery hosting In-House, another 24% intend on doing so within the next year.
  • While 33% of Corporate E-Discovery managers currently have E-Discovery processing In-House, another 31% intend on doing so within the next year.
  • More Corporate E-Discovery managers have advanced degrees (65%) than do AmLaw200 E-Discovery managers (18%).

Our next Breakfast Roundtable will be held June 9th, where we will discuss How to Compare and Contrast Early Case Assessment Tools and Offerings.

If you would like a copy of this report, or if you would like to join the June 9th dialogue by taking our preliminary survey, email William@CowenGroup.com